The swing portfolio is down a little bit YTD but it is hardly a disaster especially considering the dramatic out-performance in the last three months of 2009. As of 7/30/2010 it was down 7.1% YTD. I'm quite confident that the out-performance will happen again soon.
The swingtrade portfolio has some massive profits at the end of the year which we didn't take off the table. It's easier to take risks and potentially see a negative return on profits during some imaginery starting point, but I think it's a bit misleading to call a pullback from a huge spike in profits some sort of a disaster. +36% profit is certain a lot higher than the overall market.